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Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC

Red Lobster Announces Nearly 100 Locations Will Be Shut Down

⏲ 1:31 👁 116.2M

7 must-have THAILAND APPS that will save you time and money in 2024!

⏲ 6 minutes 51 seconds 👁 11.4K

Dots on a Map

THERE'S NO PLACE LIKE BANGKOK! (Thailand)

⏲ 16 minutes 48 seconds 👁 118.1K

Available Subtitles:<br/>Arabic | English | French | Hindi | Indo | Malay | Portuguese | Thai | Turkish | Vietnamese <br/><br/>Follow us @jhdanime on all platforms for latest episodes. <br/><br/>Thanks for faithfully watching on this channel and https://jhdanime.live

Soul Land 2: The Unrivaled Tang Sect Episode 49 Multi sub

⏲ 22:31 👁 7.5M

Chase for Adventure

Minimalist Thailand Packing List: What to Pack For 2 Weeks!

⏲ 19 minutes 53 seconds 👁 40.4K

Live Love Thailand

6 Things Will kick You Out of THAILAND | Check Before You Arrive To The Airport #livelovethailand

⏲ 12 minutes 51 seconds 👁 290.6K

Australia's housing crisis is being exacerbated by a shortage of planners and surveyors limiting the number of new homes that can be constructed. The shortfall is particularly acute in South Australia where a new university degree is about to come online to help address the demand for more skilled workers.

University opens planning, surveying degrees amid nation-wide shortage

⏲ 2:4 👁 3M

Rupert Sheldrake

Anatheism: Rediscovering God in a Secular Age

⏲ 1 hour 26 minutes 10 seconds 👁 5.4K

Live Love Thailand

Coming To THAILAND | 15 Things To Know Before You Land | BANGKOK Airport 2024 #livelovethailand

⏲ 11 minutes 15 seconds 👁 63.3K

Doupo Cangqiong: Nian Fan / Fights Break Sphere 5th Season<br/>Subtitle Arabic ,Hindi ,Indonesia ,Japanese ,Korean ,Malay ,Portuguese ,Spanish ,Thai ,Vietnamese , English ,Chinese<br/>

(Ep97) Fights Break Sphere - Nian fan Ep 97 MULTI-SUB (Battle through the heavens 5)(斗破苍穹年番)

⏲ 22:12 👁 1.5M

Live Love Thailand

20 Things To Do When You Arrive In THAILAND | Watch Before You Arrive #livelovethailand

⏲ 14 minutes 2 seconds 👁 98.4K

Marvin Samaco

Lumabas ulit kami ni OPPA

⏲ 36 minutes 48 seconds 👁 6.8K

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